Injection Molded Plastics Market Is Expected To Augment At A Considerable CAGR Over The Forecast Period

 Injection Molded Plastics Industry Overview

The global injection molded plastics market size was valued at USD 284.7 billion in 2021. It is expected to expand at a compound annual growth rate (CAGR) of 4.2% during the forecast period. The growing demand for plastic components from various end-use industries including automotive, packaging, home appliances, electrical & electronics, and medical devices is anticipated to drive the market. Modern innovations to minimize the rate of faulty production have enhanced the significance of injection-molded technology in the mass production of complicated plastic shapes. Volatile prices of raw materials, such as benzene, ethylene, propylene, and styrene, coupled with the growing concerns regarding their disposal are expected to hinder market growth over the forecast period.

Companies focus on developing injection molded plastics using bio-based counterparts to overcome such challenges. Increasing construction spending, particularly in emerging markets, such as Brazil, China, India, Mexico, Russia, and South Africa, is expected to drive product demand. Versatile properties of finished products including better heat & pressure resistance make them more applicable to various industries. Government support in the form of tax benefits and financial incentives in China and India to increase the Foreign Direct Investments (FDI) flow has helped develop the market for plastics in these countries.

Gather more insights about the market drivers, restrains and growth of the Global Injection Molded Plastics market

In addition, they offer low-cost labor, which further reduces the overall manufacturing cost for producers. However, this shift has resulted in the overcapacity of various plastic products, affecting their prices. However, a slowdown or halt in manufacturing activities to contain the spread of the coronavirus has led to a decline in the consumption of injection molding plastics and negatively impacted its demand in various applications across the globe.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

  • 3D Printing Plastics Market - The global 3D printing plastics market size was estimated at USD 972.1 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 24.0% from 2023 to 2030. Ease in customized product development, coupled with favorable government investments are likely to augment the market growth over the coming years.

 

  • Epoxy Resin Market - The global epoxy resin market size was valued at USD 12.84 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030. Increasing demand from the paints & coatings sector is anticipated to significantly drive industry growth during the forecast period.

 

Injection Molded Plastics Market Segmentation

Grand View Research has segmented the global injection molded plastics market on the basis of raw material, application, and region:

Injection Molded Plastic Raw Material Outlook (Volume, Kilotons, Revenue, USD Million, 2019 - 2030)

  • Polypropylene (PP)
  • Acrylonitrile Butadiene Styrene (ABS)
  • High-Density Polyethylene (HDPE)
  • Polystyrene (PS)
  • Others

Injection Molded Plastic Application Outlook (Volume, Kilotons, Revenue, USD Million, 2019 - 2030)

  • Packaging
  • Consumables & Electronics
  • Automotive & Transportation
  • Building & Construction
  • Medical
  • Others

Injection Molded Plastic Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2019 - 2030)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa


Key Companies profiled:

Some of the prominent players in the global injection molded plastics market include:

  • ExxonMobil Corp.
  • BASF SE
  • DuPont de Nemours, Inc.
  • Dow, Inc.
  • Huntsman International LLC
  • Eastman Chemical Company
  • INEOS Group
  • LyondellBasell Industries Holdings B.V.
  • SABIC
  • Magna International, Inc.
  • IAC Group
  • Berry Global, Inc.
  • Master Molded Products Corp.
  • HTI Plastics, Inc.
  • Rutland Plastics
  • AptarGroup, Inc.
  • Lacks Enterprises, Inc.
  • The Rodon Group
  • Heppner Molds

 

Order a free sample PDF of the Injection Molded Plastics Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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